Jason Ubay[1] Reporter- Pacific Business News Email[2] Central Pacific Bank[3] said Friday it has launched an assistance loan program for Big Island and Maui residents affected by Tropical Storm Iselle. The program features loan amounts from $1,000 to $15,000, low interest rates, flexible loan terms up to 48 months, reduced monthly payments, fast approval and quick funding, according to a statement. For more information, customers visit any CPB branch or call the bank’s customer service center at (808) 544-0500. CPB has branches in Hilo and Kailua-Kona on the Big Island and Kahului, Kihei, Lahaina and Wailuku on Maui. Bank of Hawaii[4] also is offering a financial loan program for people affected by Iselle[5], First Hawaiian Bank[6] set up its Aloha for Puna fund with an initial contribution of $25,000, and American Savings Bank[7] donate $25,000 to the Hawaii chapter of the American Red Cross[8]. Jason Ubay covers tourism and finance for Pacific Business News. References^ Jason Ubay (feeds.bizjournals.com)^ Email (feeds.bizjournals.com)^ Central Pacific Bank (www.bizjournals.com)^ Bank of Hawaii (www.bizjournals.com)^ offering a financial loan program for people affected by Iselle (www.bizjournals.com)^ First Hawaiian Bank (www.bizjournals.com)^ American Savings Bank (www.bizjournals.com)^ American Red Cross (www.bizjournals.com)...

Cathy Cheney | Portland Business Journal Powin Energy Corp., a subsidiary of Tualatin-based Powin Corp., has secured a $25 million investment by a Hong Kong-based manufacturer to perfect its battery storage technology. Above, company executives receive an award during a Portland Business Journal manufacturing event. Wendy Culverwell [1] Staff Reporter- Portland Business Journal Email[2] | Twitter[3] | Google+[4] Tualatin-based Powin Corp.[5] has secured a $25 million investment from the U.S. subsidiary of a Hong Kong manufacturing firm to develop its energy storage technology. SF Suntech Inc., a Delaware-based subsidiary of Shunfent Photovoltaic International Ltd., which is traded on the Stock Exchange of Hong Kong Ltd., will invest $25 million[6] in Powin’s energy subsidiary, Powin Energy Corp., in a deal that promises to give the company access to Chinese markets. The deal gives SF Suntech control over four of the company’s seven board seats. According to the share subscription agreement, SF Suntech has an option to acquire an additional 30 percent of Powin Energy Corp. for $37.5 million, according to a press release as well as documents filed with the U.S. Securities and Exchange Commission.[7] Officials declined to say what share of the company is at stake in the current deal, but said it is a “significant” investment in the long-term growth of a company that is advancing the state of energy storage battery technology. Powin Corp. (OTCQB: PWON) is a contract manufacturer established by Joseph Lu, president and CEO, an engineer with ties to manufacturing in both the U.S. and China. The firm makes parts for Daimler and other companies at its Tualatin plant as well as at partner plants in China. Lu established Powin Energy Corp. about seven years ago to capitalize on opportunities in the renewable energy field. Powin Energy, incorporated in Oregon, focuses on battery systems that…

Dilip Vishwanat Gil Bickel, chairman of the St. Louis Arch Angels Brian Feldt[1] Reporter- St. Louis Business Journal Email[2] | Twitter[3] | Facebook[4] More angel investors are putting their money into Internet-related companies and less into mobile and health care startups. That’s according to The Halo Report, a quarterly survey put out by Angel Resource Institute, Silicon Valley Bank and CB Insights. The report also found that median sizes for angel-only deals increased to $980,000 per deal and that pre-money valuations rose to $2.7 million in the quarter. Those valuations could be related to the slow start St. Louis startups have experienced in the angel capital market so far this year. Gil Bickel[5], chairman of the St. Louis Arch Angels[6], said the Arch Angels have invested $3.5 million in 11 deals during the first half of 2014. That’s slower than he had expected before the year started and puts the angel group behind the pace it needs to invest $10 million in 2014, it’s initial goal. “There seems to be a bit of uncertainty right now as valuations have stepped up a bit and that’s given some pause to some investors,” he said. “I think to some extent, it could just be deal fatigue. There’s just so many deals we’ve done that it’s daunting to keep track of it all.” The Arch Angels invested $8.5 million into 25 deals in 2013. In 2012, the group invested $5.6 million across 16 deals. Saint Louis University’s[7] Billiken Angels Network closed two deals in the first half of the year (Helper Helper and Generico) for just under $400,000 said Jerome Katz[8], director of the network. Katz said the group closed on another deal at the end of July and has seven deals in the due diligence stage. Rob Wiltbank[9], vice chairman of research…